Fabacus raises £4.5m led by Wealth Club to bolster its balance sheet and team.
Wealth Club led the round with a £2.4m contribution under the Enterprise Investment Scheme.
Fabacus provides a software platform designed to manage and streamline data flows within the licensing industry. Its technology connects licensors, licensees, and end users to improve reporting and transparency.
Fabacus has secured £4.5m in a funding round led by Wealth Club, which contributed £2.4m through the Enterprise Investment Scheme. The capital will be used to bolster the company balance sheet and expand the team as it prepares for anticipated revenue growth. The business provides a data platform for the licensing sector, tackling inefficiencies such as unpaid royalties and fragmented supply chains.
From the founder
"Thank you to Wealth Club and all the investors who participated, we are now set and secure for this exciting next phase. The team at Wealth Club have been amazing, consistently demonstrating incredible professionalism and efficiency throughout the entire process. They successfully raised over £2.35m for us in under 8 weeks following a seamless and thorough due diligence process, delivered through two tranches, after the overperformance of the initial raise where they smashed the targets. Equally impressive was their swift understanding of the complex nature of our business and the intricacies of how our solution solves the deeply embedded challenges of the £300Bn+ licensing industry. We would highly recommend WealthClub to any business seeking capital, as well as to any individual seeking investment opportunities that are procured and presented through a trusted process and platform"
Andrew Xeni
CEO and Founder at Fabacus
Investor perspective
"Our clients were quick to act when we launched this deal and it was oversubscribed in just five days."
Alex Davies
CEO and Founder, Wealth Club
Use of funds
- 01Grow the team
- 02Scale operations
